775 ML King Blvd, Chattanooga, TN 37403 -

Detailed information about property which situated in Chattanooga (37403) city, Tennessee state on 775 ML King Blvd.
Located in the renewal community of Martin Luther King. The university sits only a few blocks behind. The Central Business District is .5 miles. More than 130 homes or condos have been built or renovated in the area. The Regional Planning Agency has outlined a path to revival of the boulevard in a 116 page plan adopted in Feb 2009 by the Chattanooga City Council. Chattanooga is the 4th largest city in Tennessee after Nashville, Memphis and Knoxville. According the Relocate America, Chattanooga has been ranked the 3rd best place to live in America for 2008. REIS 4th quarter 2007 ranked Chattanooga as the 6th city in the nation for employment growth. Chattanooga is among the 50 hottest cities nationwide for companies looking to expand or relocate according to Expansion Management Magazine. In the June 2004 Urban Land magazine, quotes that the city's ambitious 21st Century Waterfront Plan, together with a comprehensive job growth strategy, has Chattanooga posed to emerge as the envy of riverfront cities across the nation.

Additional Information: This is an excellent opportunity for developing a quadplex or larger. UTC campus and housing is only a couple of blocks away. Student housing is at 100% occupancy with a waitlist. Erlanger Hospital, Memorial Hospital, and Parkridge Hospital are all within a few minutes drive. There is an additional .17 acres of adjacent property available in 3 parcels. The Central Business District is not even a 1 mile down on ML King Blvd. There are Renewal Community Tax Credits and the PILOT Program freezing property taxes for 10 yerars all available for this property. Fantastic price with the potential for a high return on your investment.